The management at Emerson Manufacturing Company is studying the cash inflow pattern in preparation for its cash budget. The following information is available.

Cash collected from current months sales	40%
Cash collected from last months sales	55%
Cash discount taken	2%
Uncollectible sales	3%
	100%

For the second quarter of next year, the beginning balance of accounts receivable ($23,000) is expected to be collected in full in April. The expected credit sales of the second quarter are:

April	$40,000
May	45,000
June	50,000

Required:

Prepare a multi-period schedule of cash collections for the second quarter of next year.